Description

The fund's primary objective is to replicate the performance of the UBS CMCI Composite Total Return. Investors should be aware that its market trading price may differ from its underlying net asset value. This replication is achieved synthetically, mainly through an investment in a swap agreement. To mitigate counterparty risk, the fund aims to maintain collateral for its swap exposure at 105% of the counterparty's obligation. The fund operates under a passive management strategy.